Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1887-04-16
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NHw YoRx, April ID --Cousidsring The
embarrassment from uncertainty ss 70
freighss, owing to the inter. state commerce
act, accounts OF trade are surprisingly satis.
factory. Al many pointA " 10 true mer.
OF the year thus far - decidedly bettsr than
that Of any previous year ct otheru the pres
ent dullness or stsguatiou IL considered but
temporary. and most hopeful feeling prevail;
but II h the almost universal testimony that
retail trade 10 unusually large No smbar.
rassment appears In collie ctions, except wher0
real estate or mining speculation locks up all
available means, or In some localities where
bad roads still block business, but In most
cases improvement 10 rep orted.
The remarkable activity is clearly con.
nected with the exceedingly plentiful supply
OF money, which 10 more abundant whore
some need Vas previously reported, while q
never 30 abundant before" Rates rise 70 10
per cent or 5 II 10 only at some far western
points, or where spe eculation ragee. but are
usually moderate for the locality. The In.
money from July lst to April lst has been
&A4lSOS4 gold coin a, 4SO O9S In silver dol.
lars, and $3.50, i5+ In subsidiary silver, total
2l,2lS $50 In coin SIS OOl, GAO In gold certif
Gates, S43 sl4 26 In silver certificates $40 800.
aSS in L. 8. notes, against dc ,rease Of IS.
| 0,9, 26S In bank notes net increase rs, ,6S1,.
$50 In paper currency total increase SO, ,ss6,.
l5o In coin and paper, or 6is per CEN. Tho
| stimulating effect OF such an addition 10
everywhere felt From Washington newe
comes that the treasury, realizing the risks OF
| excessive Issue, will not diAw In silver certi.
| hcates Of the larger denominations
Speculation In real eetate 10 rampant In Col.
orado, spreading to cities and towns through.
| out the state has caused much lc skiing up OF
means In Mime sofa and other Western
states has "advanced prices wonderfully y
at Philsdelphis, and holds prices up though
the fever has abated at Nashville How far
such demands will prevent the return oi
money usual at this ss lsOn to commercial
centres. Is yet in doubt But no fear u felt OF
| money going abroad, March exports OF pro.
ducts having been surprisingly large Is SO,
bresdstuffs, and only $500, 900 less In oil The
prospect Is that EXP orts may have exceeded
imports in that month, against heavy excess
OF imports last year. Recent large purchases
with somew hat suspicious ostentstion, and
| foreign exchange remains stronger than II
| would naturally be II money were coming
| this way to pay for many secu ritieA
Prices did not change greatly last week,
though wheat is lower and corn . little
higher, with oats, oil, pork, hogs and sugar
unchanged Coffee has risen an eighth and
cotton sixteenth, though crop prospects a'
the South are generally accounted favorable.
Lard is . shade stronger, and sef stiffens Z
little on account o. freight rates, but the
| enormous prod uct,ou and the EN- mbarrassmen,
in shipping prcadcts accountfor . decline o.
81 cents In ron. In the dry goods business
the situsti IN is not altered, the uncertainty
| of rates Affecting distant trade, but cottoni
are strcng, and the wool market has become
more steady, many holders refusing TO sol
the better grades At current priceA Territory
| wools are pressed for sale and weak. An i'm
| proving trade 10 noted in hides, leather, anC
| boots and shoes.
The business failures occurring through
out the country during the last seven days
as reported to X. c. Dun 4 Co, Of the Mer
camille agency, 10 day, Friday, by telegraph
| number for the United States LAG, and fol
Canada 90 or total OF l75, as compared will
| total OF 223 last week, 223 the week previ
Gus to the:lsst, and ls2 the corresponding
week OF last year. Business casualties ar'
on the decline in every section OF the couu
try. In New York city there were only twC
Insignificant suspensions this week.